Papua New Guinea Current Account to GDP  1994-2016 | Data | Chart

Papua New Guinea recorded a Current Account surplus of 4.60 percent of the country's Gross Domestic Product in 2015. Current Account to GDP in Papua New Guinea averaged -1.67 percent from 1994 until 2015, reaching an all time high of 13.91 percent in 1995 and a record low of -54.10 percent in 2012. Current Account to GDP in Papua New Guinea is reported by the Bank of Papua New Guinea.

Papua New Guinea Current Account to GDP
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Actual Previous Highest Lowest Dates Unit Frequency
4.60 -5.10 13.91 -54.10 1994 - 2015 percent Yearly
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Papua New Guinea Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Papua New Guinea Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on August of 2016.


Papua New Guinea Trade Last Previous Highest Lowest Unit
Balance of Trade 3957.00 4191.00 4569.00 75.00 PGK Million [+]
Exports 5588.00 5189.00 7021.00 623.00 PGK Million [+]
Imports 1631.00 998.00 3242.90 518.00 PGK Million [+]
Current Account 3043.00 3752.00 3752.00 -2266.00 PGK Million [+]
Current Account to GDP 4.60 -5.10 13.91 -54.10 percent [+]
Gold Reserves 1.96 1.96 1.96 1.96 Tonnes [+]
Terrorism Index 0.00 0.00 1.19 0.00 [+]
Crude Oil Production 56.00 51.00 115.42 3.70 BBL/D/1K [+]




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